Bloomberg Oil posted the longest run of weekly gains since April as prices followed equities higher and a government report showed US crude inventories falling to the lowest in two months. Futures in New York were little changed, clinging to a three-month high. The Energy Information Administration reported that oil inventories fell 5.47 million barrels while supplies at the key ...

Bloomberg Iraq, Opec’s second-biggest producer, halted output from a southern oil field as protesters walked close to installations. Other southern fields will make up the amount from the shutdown, which won’t affect the country’s output. The halt is temporary until the Nasiriya field, which produces 80,000 to 85,000 barrels a day, is clear of protesters. The closure was a precautionary ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), announced that it is providing $300 million in development aid to the Hashemite Kingdom of Jordan. The Fund said in a statement, “The UAE leadership’s decision reaffirms the commitment to standing alongside the brotherly leadership and people of Jordan, reflecting the nation’s foreign policy that carries the legacy of ...

DUBAI / WAM A new survey on local perceptions of Dubai’s brand has revealed that the city is home to the most vibrant creative sector in the region. The survey, which looked at perceptions of Dubai’s creative sector among UAE-based arts and culture professionals and consumers in comparison to other countries in the region, was commissioned by the Dubai Culture ...

LONDON / WAM In recognition of its leadership in business continuity and corporate resilience, Dubai Electricity and Water Authority (Dewa) received the International Risk Management Award from Continuity, Insurance & Risk (CIR). “This award demonstrates the important role of risk management, resilience, and business continuity in realising Dewa’s vision to become a globally leading sustainable innovative corporation. It also supports ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), released the following statement. “The Telecommunications Regulatory Authority, TRA, is aware of the recent allegations and concerns about the privacy of users on accredited telecommunications applications in the UAE, in particular Totok Application. “The TRA affirms that UAE telecommunications regulations encompass strong Information security laws to prohibit any kind of data ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), opened on Saturday Al Qudra-Lehbab Roads Interchange Development Project. Works covered building a flyover providing free traffic in all directions and improving the traffic flow on both Al Qudra and Lehbab Roads. Lehbab Road is a strategic traffic corridor that provides a traffic solution for motorists heading to Expo Road, Jafza, ...

ABU DHABI / WAM Abu Dhabi General Services Company, (Musanada) and Al Ain City Municipality (ACM), have revealed that works in the main and secondary irrigation lines and reservoirs construction project for the eastern sector of Al Ain city is now 50 percent completed, indicating that work is progressing in line with the construction plan as per the agreed delivery ...

Fujairah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), said that the new season of “Sharjah Spring Promotions 2020” will begin on January 1 and run until February 16, 2020. This was stated during the coordination meeting held recently to follow up on the preparations, as part of the SCCI’s keenness on developing the promotions offered. Held at the ...

New Delhi / WAM India’s Minister of Information and Broadcasting, Prakash Javadekar, has listed his Ministry’s participation in the Abu Dhabi International Book Fair (ADIBF), as a highlight of its activities this year. Releasing a year-end review of the activities of the Ministry of Information and Broadcasting, he spoke of “a series of initiatives in the year 2019 to inform ...